chapter 4

Question 1

A group of accounts

Answer 1

ledger

Question 2

ledger that contains all accounts needed to prepare financial statements

Answer 2

general ledger

Question 3

name given to account

Answer 3

account title

Question 4

number assigned to an account

Answer 4

account number

Question 5

procedure for arranging account in a general ledger, assigning account numbers, and keeping records current

Answer 5

file maintenance

Question 6

writing an account and number on the heading of an account

Answer 6

opening an account

Question 7

transferring information from a journal entry to a ledger account

Answer 7

posting

Question 8

determining that the amount of cash agrees with the balance of the cash account in the accounting records

Answer 8

proving cash

Question 9

an incorrect journal entry should be corrected with an additional journal entry

Answer 9

correcting entry